Television

News Corp's operating income rises 22 %

MUMBAI: The Rupert Murdoch controlled US media conglomerate News Corp has reported fourth quarter consolidated revenues of $6.1 billion, a 12 per cent increase over the $5.5 billion in 2004's quarter.

 

 

For the year ended 30 June 2005 it earned revenues of $23.9 billion, an increase of 15 per cent over the $20.8 billion in fiscal 2004.

Consolidated operating income for the fourth quarter of $955 million was up 42 per cent over the $674 million a year ago. For the year, operating income was $3.6 billion, an increase of 22 per cent over the $2.9 billion in 2004.

STAR INDIA CONTINUES TO SHINE

The Star Group's fourth quarter and full year operating income more than doubled on revenue growth of 24 per cent and 14 per cent, respectively. Revenue gains for both the fourth quarter and full year primarily reflect the continued strength of Star Plus and Star Gold as well as contributions from several new channels in India. The television segment as a whole reported fourth quarter operating income of $344 million, a decrease of $7 million versus the same period a year ago, and full year operating income of $952 million, a slight increase over 2004. Record operating income at Star was offset by higher programming costs at Fox and a soft US ad market.

News Corp chairman and CEO Rupert Murdoch said, "We are extremely pleased with the continued growth we achieved during 2005. Star received approval to launch a DTH service in India and doubled its earnings contributions. 2005 marked our third consecutive year of record profits. What is pleasing about this past year is not just that we once again delivered double-digit revenue and operating income growth across nearly all of our businesses but perhaps more significantly many of our developing businesses turned profitable."

 

 

The movie segment reported fourth quarter operating income of $109 million, up $14 million from the $95 million reported in the same period a year ago, and record full year operating income of $1.1 billion, up 17 per cent from the $905 million reported in fiscal 2004. Current quarter and full year results primarily reflect solid worldwide theatrical and pay-TV revenues and strong contributions from film and television home entertainment releases.

The results were largely driven by the home entertainment performances of Alien vs. Predator, Sideways and Napoleon Dynamite, as well as contributions from various catalogyue titles including Ice Age. Additionally, the worldwide theatrical distribution of Star Wars Episode 3: Revenge of the Sith and Mr. and Mrs. Smith, as well as the pay-TV availability of The Day After Tomorrow and Garfield contributed to the strong fourth quarter results.

Cable network programming reported fourth quarter operating income of $137 million, an increase of $17 million over the fourth quarter a year ago and record full year operating income of $702 million, an increase of $214 million over 2004. Fox News Channel (FNC) reported operating income growth of 30 per cent for the fourth quarter and 40 per cent for the full year fuelled primarily by double-digit advertising revenue growth, which was partially offset by higher costs associated with covering international breaking news stories. During the quarter News Corp states that FNC further increased its leadership position as the number one cable news channel, more than doubling the viewership of its nearest competitor in prime-time and nearly 90 per cent higher on a 24-hour basis.

The net a priority for the future: Going forward media reports indicate that News Corp is preparing to spend up to $2 billion on the internet. Murdoch has said that this is the group's top priority as far as global expansion is concerned. It is said to be looking at buying a small internet search engine and is also developing its own mass entertainment website. The Fox sites that are present at the moment are more promotional in nature.

So far this year, the company has spent more than $700 million investing in Web companies. As had been reported last month by Indiantelevision.com News Corp signed a definitive agreement to acquire Intermix Media for approximately $580 million. With the addition of MySpace,and Intermix’s network of sites, News Corp expects its web traffic in the US to nearly double to more than 45 million unique monthly users.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/24/Colors-Infinity%20%281%29.jpg?itok=FsEU-xo-
Colors Infinity to air memorable biopics & notable docus

With the New Year rolling on with a new start, Colors Infinity takes the viewers on a journey to relive the past. Starting 27 January, the channel brings to its viewers an all-new line up of memorable biopics and notable documentaries along with exciting TV series.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/24/subahs-chandra%20%281%29.jpg?itok=hQytSrvm
Demonetisation impacts ZEEL ad revenue for Q3-17

The Subhash Chandra led content and broadcast player Zee Entertainment Enterprises Limited (ZEEL) reported a small hike of 3.1 percent in advertisement revenue in the quarter ended 31 December 2016 (Q3-17, current quarter) as compared to the corresponding quarter of the previous year (Q3-16).

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/24/india-tv%20%281%29.jpg?itok=MOz3mUH-
India TV's 'Chunav Manch' to be telecast live on 4 February

While the country braces itself for much awaited Assembly Elections 2017, the epicenter of all the buzz remains Uttar Pradesh. The soaring high political fever has gripped this all-political state like never before – an election that is almost seen as run through of the 2019 Lok Sabha Elections or...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/24/high5%20%281%29.jpg?itok=9As1riPq
Fifth milestone: Comedy Central with 67 mn viewership observes 10 pc FCT growth

Comedy Central launched in India on 23 January 2012 and has grown to be a famous English entertainment channel and a multi-platform brand offering best ever consumer products and on-ground events such as the Chuckle Festival.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/24/Jagdish%20Singh%20Khehar-800x800.jpg?itok=2bAGUJtT
Lodha inspires clean-up across Indian sports

MUMBAI: To oversee the functioning of BCCI (Board of Control for Cricket in India), the apex court of India will today pronounce the names of officials to be appointed as administrators on the board. Among other steps, the Lodha committee had sought disqualification of BCCI office-bearers who were...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/23/rahul-shivshankar%20%281%29.jpg?itok=YLMddtK8
Times' Rahul faces 'India Upfront' from 8pm today

Times Now, one of the most popular English news channels in India, is launching ‘India Upfront' with Rahul Shivshankar’. As the name suggests it is a path breaking new show that will put hard facts – upfront -- for the nation to assess. It will be a 60 minute show Monday to Friday at 8 pm,...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/23/aye-zindgi%20%281%29.jpg?itok=VF3TK-6F
Reinstating optimism in youth, Zing to launch 'Aye Zindagi'

Not often is life kind enough to let you move past errors and start afresh but when it does, we must make the best of it. Chronicling many such stories of human experiences, Zing presents a new fiction show. Titled Aye Zindagi, the channel has roped Rithwik Dhanjani as the host.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/23/rising%20%281%29_0.jpg?itok=ovvXDhDu
'Barbarians Rising', Roman & Barbarian battle on History TV18

A tyrannical empire. 700 long years of battle. History TV18 is all set to take the viewers to a world altering struggle for freedom. The channel will air Barbarians Rising, a story told from the perspective of the tribes named as Barbarians by the Romans. The show is an epic saga of the fall of the...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/23/this-is-us%20%281%29.jpg?itok=-puIFLGy
NBC's 'This is Us' renewed for two seasons

"This Is Us" premiered in September of last year and is already quick on its way to success! The show that airs in India on Star World Premiere HD received a tremendous response internationally and whopped in massive ratings. Now, the show has been renewed for two more seasons.

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories